By P.R. Venkat

A consortium of Thailand's BCPG PCL, TEAM Consulting Engineering & Management PCL and a unit of Singapore's Keppel Corp. have secured a contract worth 329 million Singapore dollars (US$237.4 million) to build a district cooling system in Bangkok.

The three companies plan to form a joint venture to design, build, operate and transfer the plant, which will have a projected cooling load of 18,000 refrigeration tonnes to serve the needs of office, retail and residential properties, a joint statement from the three companies said Thursday.

The plant is expected to completed in phases with the first phase to be operational in the fourth quarter of 2022. 



  Write to P.R. Venkat at venkat.pr@wsj.com